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<br /> . _ pf�OQlRS►10iY1�0��ill�it bS5 f�l�IC,�S�OC�IIdOd W1�1�i1 t11E i1,7if1�C7[kBf�Od ODVC[�jE�'1�d�j/Cf�l!!�7Jf�f.�OC�
<br /> � tluods a itoodinE.for whkh LrendeR roquirrs i�nu�ae:This insunnct sl�ll be muntainod in the amo�nts�nd fpr the periuds
<br /> tl�t i.ader requins.`The insurana carrier prc►vitling the imuranoe sl�al!ix chosa�by Borrnwer subJeCt to L�Qder's approva�
<br /> � ' wtiic6 sAa11 nat be uncrasonabiy wict�hetd. [P Sorrower faits to`mainYain ouverage desctibed�bove.i.ender�miy.�t i.tnder's ,
<br /> � optioo,oMain ooveragc to pmtect Ler�der's tighis in dte Propeny tn accordancY whh puagr�ph 7. . ` �
<br /> ' • AI1 insuriu�oe poliaes ald crnewals st�l be aooeptabIt ta teeder and shali iflclude a st�ndud�ortg�ge ciause..i.ender
<br /> shatt Aave t�e tigfit to hoW the po�i�'Ses and�newats.if Lertder�quires.Bormwear slsatt p�ort�ptiy gtva to i�ea�ic�r ait�ripts af `
<br /> P�P��d�r91�rotiees.�n tAe erait of toss.Bohm�rer sfiali give peompE notice w the iruuraiaar�cria aod L,ader.
<br /> I.eader may mak+e p�oof of loss if not m�de P�Y 5Y Horrowec. � _ .
<br /> " Qdess l�ender and Aornower otve�wise agroe in virrittnB.in;urance gtoaeds sfuill be applied to restaradon or repaie of the
<br /> PraQdtY d�rn�ad•if tfit tawratioa or iepir is oonnomiwtly fzaibk md i.e�der's s+acaritp is ant lesseoN.ff the t+ato�ioo a
<br /> • �ir is not ec000miatty fembie or l�ender's sxurity woutd be tess�ened.the inwtat�e prooxds sia116e�pplied b tbe snnls
<br /> srcac�ed by tbis Seauity Iaswmait.wh�tljer or not t6ai due,with sny exeas pauud w Bormwa. If Borm+�rer ab�adoas the
<br /> PnopeRp.or does aot answer within 30 drys a notia from I�nder tl�at the insivauce carrier lus offelied to settle a claim.then _
<br /> _ , I.eoder may collect t6e is�su�ance prnoeeds. lender may use the proceeds to �ep�ir or restore the Propeny or to pay sums
<br /> _ - sewtrd by this Securiry Iacuu�ent.wtkther or not then due.The 3Q-day peiiod will begin whm thc notice is given. ' .
<br /> -= � �� Untess I,ender and Bnn�awer aherwise agaee in writing.ai►Y aPPlicatton of prooeeds w principal shall oot eata�d or .
<br /> _ pastpone tbe dne date of tbe a�ont6ty payments neferred to in pus�phs i and 2 or ch�nge We�nount af tl�e paymeats. ff
<br />_- nnder par�gr�ph 21 the Pra�pecty is acqnined by l.ender.Borrower's rig6t to aay imuranoe policies and pin�aeds�+esultiag fium
<br /> damage to tbe Propeny Prior to the xquisitian sha�l pass to i.eMer to the extent of d�sum4 seaued lry this Sec�r�ty Instnunent
<br />= iaunodi�tety Priar to the acqaisition. . .
<br /> f.O�oaoip�s�.y,R+exrv�tioes Maiateoasee and Pe+ete�oo ot tbe Propd'ly;Bocruwa's I.o�u Appiiatio�:Leaseiolds.
<br /> Bortower shall occupy.establish,and use ti�e Property as$amavver's principal nsiderice witUin siaty days xfter djt eaectrtiar of -
<br /> this Savdty Instrument and shall oonGnue to occapy ihe Pmperty as Borrower's priucipal�res�d��nae Cor at least oqe yr.ar after
<br /> - . We date of occupaoc.�y.antess I.ender otherwise agrees in writing.which consent shall nat be unrtasonably withh�id,or unless
<br /> � �g circumstances exist which arc Txyond.Boirower's contml. Borrower sha11 not destroy: dam�ge or impair the
<br /> Propecty�,allow the Propeny to daeriorate.or oommit waste on tLe Property. Borrower sl�ap 6e in default if any forfeiture� —�-
<br />,_ action or proceoding.wbet6er civil or criminal,is begao that jn I.eader's good faith judgmem coutd resWt in forfetture of the �`` �-
<br /> ',�; Property or otl�eiwise materially impair the lien created by this Security Instrument or Lender's security interest Horrower may, _ -
<br />� -'�'`�:, core such a default�d reinstate,as p�ovided in pazagraph�l8.by causing the�ction or proce�eding to be dismissed whh a ruling =_
<br /> ° tha��.L�ender's good taith determination. precludes forfeiture of the Bonower's interest in the Propecty or other material
<br /> ••�� i i��s of the lien created b [his Secvri Instroment or Lender's secvri interest. Borrower shalt afso 6e in de€ault if� -__-
<br /> ' .,.�i � ., Y. tY �Y --_
<br /> Borrc��daring t�1�a�pliraxian process,gave materisily false or inaccurate informat"san or statements to Lendec c:1c�'ailed -----
<br /> ` �r ' x�'�� . to provrde t,cnder ae�t'i aay materia�inform�tion)in connection with the loan eviden�ed by the Note,including,bvt ac�3�rited -��
<br />- ��_B�i'.�4���:�: . . �,.-=-
<br /> �;�--�� � - :•. to,representatio�s v�xxmi Sorrower's accu of the . �r:�_-=--
<br />- ,,�.� ��=;.-,°- -p,•-' . n8 p�Y ��RY�a principal residence.If this Securiry Instnut+�.�"t-ss on a ,
<br /> *,... . . . , , �T�,.,�.._
<br /> • � leasehofd.�orrawe�stiail comply with all the provisions of the lease. If Borrower acquires fee title to the Pra�p�yt the . �t•:
<br /> ,#-::=: �`;'.', ,- .
<br /> _ `" ` ' ' ' � l�.ut.and the fee title shall not merge untess l.ender agrees to the merger in writing. , .. ;',.;��;
<br /> , - ' ''��`.'�' '�•- • ; 7:Protection of Lender's Rights in the Property.If Borrower fails to perform the covenants and agreements a�*ar,med in , ;-;�`�'��
<br /> ;�� ° ' : � this Security lastrument,or there is a legal proceeding that may significantly affect I.ender's rights in the Proper¢�(sach as a ' • _-
<br /> ,�r,,,'::� .,,,r, i . _
<br /> '� ,��,1 >_ � • �- praceeding on bankruptcy.probate,for condemnation or forfeiture ar to enforce taws or regulations).then I:ender"may do and , •, ' _
<br /> •' .,p, , pay for whatever is necessary to protect the vaiue of the Property and Lender's rights in the Properiy. l.ender's adions may � ` '�`
<br /> '�i� :�'�-;,45�. i ' �..�q�:``=—
<br /> _ • -:::;v��-.,- include paying any sums secured by a lien which has priority over this Security lnstsu�ent. appearing in caut. Payin$ .:: t;;�--
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<br /> ' ' • . raisonable attomeys'fees and entec�:r9 on the Property to make repairs.Althougb Lender may take actiun under th'rs paragraph : ,.�r/;:>;,�-�__
<br /> ;. 7.I.ender does not have to do so. ' _
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<br />`�'' � ' ' Any amounts disbursed by Lender under this paragraph 7 shall b�me additional debt oP Borrower secured by this , ' ':�
<br /> �:;:y '���''� `� Security Instrument. Unless Borrower and Lender agree to other terms af�a�,ment, the�e amounts shafl bear interest from the "'r==-
<br /> . ,.,.•. .
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<br /> ���.,-•••.--. . �. date of disbutsement at ti�e Note rate and shall be payable. u:ttt i�teresa, upon natice fram Lender to Borrower requesting ' .. �'�`
<br /> �;ar-, - . . . , ' --
<br /> ,.• . payment. • _
<br /> ��.t���` :•�° 8.MortEige Imurn�nce.If Lender required mortgage ir�vi.eac�as a oondition nf making the loan secured by this 5ecurity :�;���==
<br /> ��� - •
<br /> - ,,.�:� ,�r Instrument, Borrower shall pay the pt+emiums�uimd ta maintain the nrtdrtgage insurance in effecl. IB. for any reason, the • �
<br /> � �'"�.���°� mortgage insuren��e coverage required by L.enGar!apses or ceases to be i�e€fect.Borrower shall pay ti?�premiums rec�uired to � . '�.'`
<br /> ' ��'�`:`� ' � obtain eoverage substantially equi��`.nt to the mdrtgage insurats�e previoussy in effect,as.a w�t substa°,cially equivalen*to the .,,; ;�`-���
<br /> ' f��:;q: . ;_ cost to Borrawer of the mortgag�r-:surance previousiy in effect, fram an altemate mM�z:rc�e ir�surer approved by L+End�r. if R:::. _;._;�:�:;=: '.-�
<br /> - ` ,���d�. ;,,;:'.;. ,
<br /> - • �•• +�.��_ substantially equivalent mortgage insurance covcrage is not available.Borrou�er shall pa}:o l.ender each month a surab a�ual to M - „
<br />-;;;; •��=�r"' ''' one-twelRh of the yearly mortgage insurance premium being Qaid by Borrcv�wer when the insurance coverage lapsed or ceased to f ' _ �
<br /> '�!_� . be in effut.I.ender will accept.use and retain these payments as a loss c�es���e in lieu of mongage insurance. Loss reserve ' ' . . �
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